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Q: What determines the mintage numbers?
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<p>[QUOTE="GDJMSP, post: 3113510, member: 112"]Q: What determines the mintage numbers?</p><p><br /></p><p>The answer to your question is pretty simple really. Every year the mint determines how many coins of each denomination they will need to mint the following year based on orders from the Federal Reserve banks. And the banks estimate their orders based on how many coins they currently have in stock, and how many they gave out the previous year(s).</p><p><br /></p><p>The reason there is always such a huge need for cents is that very few people spend them. They merely take them home and throw them into a bowl, bag, drawer, etc etc. And people don't do this to hoard the coins, some do it for various reasons but mainly I believe because they are lazy. It's too much trouble to sort, count, roll, or just plain not worth the effort to turn them in so they can be reused. So all those billions of cents they just sit someplace in people's homes.</p><p><br /></p><p>It's pretty much always been this way, so much so that it's become a habit for a great many people, and habits are hard to break.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3113510, member: 112"]Q: What determines the mintage numbers? The answer to your question is pretty simple really. Every year the mint determines how many coins of each denomination they will need to mint the following year based on orders from the Federal Reserve banks. And the banks estimate their orders based on how many coins they currently have in stock, and how many they gave out the previous year(s). The reason there is always such a huge need for cents is that very few people spend them. They merely take them home and throw them into a bowl, bag, drawer, etc etc. And people don't do this to hoard the coins, some do it for various reasons but mainly I believe because they are lazy. It's too much trouble to sort, count, roll, or just plain not worth the effort to turn them in so they can be reused. So all those billions of cents they just sit someplace in people's homes. It's pretty much always been this way, so much so that it's become a habit for a great many people, and habits are hard to break.[/QUOTE]
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